Abengoa Begins Construction on Two CSP Plants Awarded by the South Africa Department of Energy

  Abengoa Begins Construction on Two CSP Plants Awarded by the South Africa
                             Department of Energy

  PR Newswire

  SEVILLE, Spain, Nov. 6, 2012

- Khi Solar One and KaXu Solar One will be the first concentrating solar power
(CSP) plants in South Africa and will use advanced technology specifically
developed for the country's needs

- Both plants will be able to store energy and generate power after sunset

SEVILLE, Spain, Nov.6, 2012 /PRNewswire/ --Abengoa, the international
company that applies innovative technology solutions for sustainable
development in the energy and environment sectors, announced today that it has
begun construction on the 50 MW solar power tower Khi Solar One and the 100 MW
parabolic trough plant KaXu Solar One in South Africa. The concentrating solar
power (CSP) plants were two of the 28 renewable energy projects announced late
2011 by the South Africa Department of Energy (DOE). The DOE intends to bring
17,800 MW of renewable energy online by 2030.

Abengoa is partnering with the state-owned Industrial Development Corporation
(IDC), South Africa's largest development finance institution, to create South
Africa's clean energy future by allowing the country to reduce its dependence
on fossil fuel for power generation, specifically coal. Abengoa, who will
build, operate and maintain the plants, owns 51% of the projects, the IDC
holds 29%, and the Black Economic Empowerment program maintains the remaining
20%.

Both plants today signed long term power purchase agreements with Eskom, South
Africa's power utility, and closed project finance agreements with a group of
South African and international financial institutions. 

Khi Solar One and KaXu Solar One, located in the Northern Cape Province near
Upington and Pofadder, respectively, will use advanced technology to provide
South Africa with clean energy while creating local jobs and industry in the
region. In addition to reducing the country's carbon dioxide emissions by
about 498,000 tons each year, the construction of Khi Solar One and KaXu will
create roughly 1400 local construction jobs on average per annum, peaking near
2000, and about 70 permanent operation jobs. Numerous direct and indirect jobs
will also be created to fulfill the needs required by the plant and its
construction.

Abengoa and the IDC are stimulating economic development in the area while
building South Africa's solar industry. South Africa has one of the best solar
resources in the world with great potential to be a leader in concentrating
solar power generation.

Abengoa has developed proprietary technology to meet South Africa's needs and
make solar an excellent solution. Both Khi Solar One and KaXu Solar One use
the advanced dry cooling technology, which reduces water consumption compared
to other CSP plants by approximately two thirds. The plants also have storage
capacity of about two hours for Khi Solar One and three hours for KaXu, which
can be used during transient periods and after sunset. CSP's ability to be
dispatchable will be a great advantage for South Africa as it will permit the
country to bring more intermittent technologies, such as photovoltaics and
wind into their renewable energy mix.

Abengoa currently has 743 MW of installed solar capacity around the world and
910 MW under construction, and it is one of the few in the world that builds
and operates both parabolic trough and tower CSP plants. Khi Solar One is
Abengoa's third commercial solar power tower and its first outside of Spain.
Proprietary innovative technology is developed at Abengoa's R&D Center,
Solucar, which is one of the most important solar R&D centers in the world.

About Abengoa

Abengoa (MCE: ABG) is an international company that applies innovative
technology solutions for sustainable development in the energy and environment
sectors, generating electricity from the sun, producing biofuels, desalinating
sea water and recycling industrial waste. ( www.abengoa.com ).

Communication Department: Patricia Malo de Molina MelendezTel: +34 954 93 71
11E-mail: communication@abengoa.com

Anisha Shah (Weber Shandwick for Abengoa)Tel: +1 212-445-8342E-mail:
avshah@webershandwick.com

Investor Relations Barbara Zubiria FurestTel: +34 954 937 111E-mail:
ir@abengoa.com

Website: http://www.abengoa.com